MicroStrategy (NASDAQ:MSTR) Shares Gap Down to $176.22

Shares of MicroStrategy Incorporated (NASDAQ:MSTR) gapped down before the market opened on Monday . The stock had previously closed at $176.22, but opened at $168.63. MicroStrategy shares last traded at $170.69, with a volume of 2,442,324 shares.

Analyst Upgrades and Downgrades

MSTR has been the topic of a number of recent research reports. Maxim Group lifted their target price on MicroStrategy from $183.50 to $193.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Benchmark lifted their target price on MicroStrategy from $187.50 to $215.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Sanford C. Bernstein raised MicroStrategy to a “strong-buy” rating in a research report on Friday, June 14th. Barclays lifted their target price on MicroStrategy from $146.00 to $173.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. Finally, Canaccord Genuity Group cut their price target on shares of MicroStrategy from $185.00 to $173.00 and set a “buy” rating for the company in a research note on Monday, September 16th. One research analyst has rated the stock with a sell rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $202.13.

MicroStrategy Trading Down 1.7 %

The business’s 50 day simple moving average is $142.03 and its 200 day simple moving average is $145.41. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.47 and a quick ratio of 0.47. The stock has a market cap of $30.72 billion, a P/E ratio of -26.02 and a beta of 3.10.

MicroStrategy (NASDAQ:MSTR) last posted its earnings results on Thursday, August 1st. The software maker reported ($0.57) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.48). MicroStrategy had a negative net margin of 43.69% and a negative return on equity of 14.72%. The firm had revenue of $111.44 million during the quarter, compared to the consensus estimate of $121.99 million. During the same quarter last year, the firm posted $0.15 EPS. The business’s revenue was down 7.4% on a year-over-year basis.

Insider Activity

In other news, EVP Wei-Ming Shao sold 3,000 shares of MicroStrategy stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $141.20, for a total value of $423,600.00. Following the completion of the transaction, the executive vice president now owns 6,460 shares in the company, valued at $912,152. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Wei-Ming Shao sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $141.20, for a total value of $423,600.00. Following the completion of the transaction, the executive vice president now owns 6,460 shares in the company, valued at approximately $912,152. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Phong Le sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $138.28, for a total transaction of $6,914,000.00. Following the completion of the transaction, the chief executive officer now owns 12,670 shares of the company’s stock, valued at approximately $1,752,007.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 101,838 shares of company stock worth $13,950,265. Insiders own 13.18% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of MSTR. ST Germain D J Co. Inc. acquired a new stake in MicroStrategy during the 1st quarter worth $29,000. Rise Advisors LLC grew its holdings in MicroStrategy by 233.3% during the 1st quarter. Rise Advisors LLC now owns 20 shares of the software maker’s stock worth $34,000 after acquiring an additional 14 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in MicroStrategy during the 2nd quarter worth $37,000. GAMMA Investing LLC grew its holdings in MicroStrategy by 36.4% during the 2nd quarter. GAMMA Investing LLC now owns 30 shares of the software maker’s stock worth $41,000 after acquiring an additional 8 shares during the period. Finally, Salem Investment Counselors Inc. acquired a new stake in MicroStrategy during the 1st quarter worth $55,000. Institutional investors own 72.03% of the company’s stock.

MicroStrategy Company Profile

MicroStrategy Incorporated provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers MicroStrategy ONE, which provides non-technical users with the ability to directly access novel and actionable insights for decision-making; and MicroStrategy Cloud for Government service, which offers always-on threat monitoring that meets the rigorous technical and regulatory needs of governments and financial institutions.